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Jan 29, 2013
01/13
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let's take a look at the next idea about the debt ceiling debate. i think this is a really important finding here, guys. we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come out of the market and that there's overwhelming sentiment that coss i solve the get problem. we asked wall street to grade our treasury secretary going out and one coming in. you can see a pretty strong sentiment that he was a seed secretary with a 2.2. jack lew, the sentiment there. 2.0. one more thing on the deficit i just want to say and maybe this is worthy of discussion here. i think this is a sign that things have improved, at these economists and guys on wall street are saying we should solve the deficit and do it now. i think if things were as bad as
let's take a look at the next idea about the debt ceiling debate. i think this is a really important finding here, guys. we ask do you think congress is going to increase the debt ceiling every time it's reached, refuse to raise it at some point and don't know? you can see 86% are saying that congress will raise the debt ceiling every time it's reached this year, when i think about some of the reasons why stocks have gotten higher because i think that thread along with the fiscal cliff has come...
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Jan 29, 2013
01/13
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CNBC
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the debt ceiling debate has been delayed for three months no. reason why the market can't keep running at this point just because there's no obvious catalyst to run into, but at some point, whether it's the revenue growth or something out of washington, you know, i think we'll -- we're due for a pause if not outright correction. >> fundamentals matter. >> sooner or later they do. >> please, go ahead. >> just going to mention two cautionary notes here. even though i'm pretty constructive on the economy i'll give you a good reason to worry about april sis the sequestering right? i think markets have gotten very comfortable with the washington dysfunction going on because they keep going up at the deadline and then fix the problem without damage to the economy and my sense is sequester happening, $100 billion out of the economy, is actually on the high side and i don't think that's built into the market and the other thing, the last time the market was at these levels, the size of the economy was only a little bit smaller than it was now, profits a
the debt ceiling debate has been delayed for three months no. reason why the market can't keep running at this point just because there's no obvious catalyst to run into, but at some point, whether it's the revenue growth or something out of washington, you know, i think we'll -- we're due for a pause if not outright correction. >> fundamentals matter. >> sooner or later they do. >> please, go ahead. >> just going to mention two cautionary notes here. even though i'm...
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Jan 28, 2013
01/13
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CNBC
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at the same time, they've pushed off the debt ceiling for a few months. so the body language out of washington has been more constellatory. so when you get to this point where you think about what the deficit might look like this year, i don't think you're going to be looking at a balanced budget so soon. you can't sustain trillion dollar deficiter year after year after year doubling the debt so many years and still think that the market is going to accept that over time. they know the market needs to move away from this, but it's going to away longer process. >> kevin and mike will be with us for the rest of the hour. >> and it's time for the global markets report. kelly evans is standing by in london. i could string up a lot of thing to talk to you about, kelly. you're very close to davos. i don't know. we -- i don't really feel like i've missed anything, really. but you're still close. you could have jetted over there easily and joined in with, you know, john legend and charlie thero this e, andrew ross sorkin. >> i was hoping maybe some of those peopl
at the same time, they've pushed off the debt ceiling for a few months. so the body language out of washington has been more constellatory. so when you get to this point where you think about what the deficit might look like this year, i don't think you're going to be looking at a balanced budget so soon. you can't sustain trillion dollar deficiter year after year after year doubling the debt so many years and still think that the market is going to accept that over time. they know the market...
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Jan 31, 2013
01/13
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CSPAN2
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ceiling at some point. of course we're going to have to until we get to the point where we have balanced budgets and don't have to continue to run deficit spending. and by the way, i don't think that it's desirable or optimal to cross into that threshold where we are living under the rules of prioritization, because it's very disruptive to not be paying all the other bills on time, as we ought to. that's much better. but my point is there is something even more important here, and that is to fundamentally bring our spending and deficits under control. trillion-dollar deficits, a total debt that now exceeds the total economic output of our country. this is -- we have got a disastrous fiscal situation on our hands. it's right now costing us jobs, costing us economic growth today, and it's guaranteed to result in a full-blown fiscal crisis and a meltdown if we don't change the path we're on. the only time we have ever been able to persuade this president to agree to significant spending reductions was the last
ceiling at some point. of course we're going to have to until we get to the point where we have balanced budgets and don't have to continue to run deficit spending. and by the way, i don't think that it's desirable or optimal to cross into that threshold where we are living under the rules of prioritization, because it's very disruptive to not be paying all the other bills on time, as we ought to. that's much better. but my point is there is something even more important here, and that is to...
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Jan 28, 2013
01/13
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CNBC
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ceiling. how that turns out will probably dictate how 2013 happens for cat piller and maybe for the world. >> despite the cautious outlook, shares of cat are trading higher. is now the time to buy that name? 90 seconds to make the case. why is now the time. >> i like this for macro ropeses and micro. 60% of revenues are overseas. and 27% in asia. an opportunity there. u.s. construction, 25% market share, leading here. micro, doing as best they can in a challenging environment. in incremental margins better than expected. in the fourth quarter expect more throughout the year. i think guidance of $7 on the low end was no worse than expected. >> what's the problem then? >> first of all, the stock is up 20% since december 16th. i don't think what we heard about earnings or guidance justifies more than that. this is a great company. don't think it will out-perform the market. the only reason you own an individual stock because it out-performs average stock. $17 is given and they don't give us quart
ceiling. how that turns out will probably dictate how 2013 happens for cat piller and maybe for the world. >> despite the cautious outlook, shares of cat are trading higher. is now the time to buy that name? 90 seconds to make the case. why is now the time. >> i like this for macro ropeses and micro. 60% of revenues are overseas. and 27% in asia. an opportunity there. u.s. construction, 25% market share, leading here. micro, doing as best they can in a challenging environment. in...
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Jan 24, 2013
01/13
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FBC
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you are looking ahead to the debt ceiling and saying another policy error could be a big market hit. what do you mean by that? >> we look can't think we are still in this leveraging scenario. it is not over. debt levels are still high in the u.s. and many developing economies. we have to bring those down to create a nice fundamental situation. that provides a lot of opportunity for policymakers to make mistakes or mess things up. and the extension in front of -- a sequester coming. the extension of the budgets for the coming year, in europe we still have spain refinancing 20% of gdp in debt, more than enough opportunities, that is not a best case. >> you are talking about the united states, the worst enemy at this point. to get these jobless claims at week 5-year lows, nice to see but if unemployment is at 10%, in range for 2013, and it will take 1/2% of of the gdp, no jobs, don't even have an economic recovery and no jobs. >> not necessarily a bad economy, we are in an okay economy, not great because 1/2%, from a fiscal austerity coming through the pike, the job situation is improvi
you are looking ahead to the debt ceiling and saying another policy error could be a big market hit. what do you mean by that? >> we look can't think we are still in this leveraging scenario. it is not over. debt levels are still high in the u.s. and many developing economies. we have to bring those down to create a nice fundamental situation. that provides a lot of opportunity for policymakers to make mistakes or mess things up. and the extension in front of -- a sequester coming. the...
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Jan 24, 2013
01/13
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CNBC
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we know the consumer confidence took a six-month hit because of the debt ceiling fight. so, to take that off the table as a big washington fight helps a lot, i think. >> certainly, the markets, a lot of people pointing to one reason, you have had a pretty nice string of gains here that debate, at least the deadline pushed back a bit. where does the conversation now begin when it comes to real reform? who instigate it is and how constructive do you think it's going to be? >> i think we can build upon some of the previous efforts. we had an agreement in 2011 which allowed us to reduce spending and we can do that again. at the end to of this year so the called fiscal cliff deal i think was further evidence when you get 89 united states senators voting for that end of the year agree respect, the deal was perfect and had all kinds of frustrations associated with it, but we have to keep building upon what is some good developments in bipartisan consensus. i can't speak to the house but i think there is a willingness on both sides senate to build on those efforts. >> what do yo
we know the consumer confidence took a six-month hit because of the debt ceiling fight. so, to take that off the table as a big washington fight helps a lot, i think. >> certainly, the markets, a lot of people pointing to one reason, you have had a pretty nice string of gains here that debate, at least the deadline pushed back a bit. where does the conversation now begin when it comes to real reform? who instigate it is and how constructive do you think it's going to be? >> i think...
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Jan 30, 2013
01/13
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CNN
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if we want to see it on the debt ceiling it starts by these things where we can agree, where we can move things forward and as mary said which was a good point, dear, that the president can make the tone, either he can create a battle on this or he can try to bring people together. >> well he can, and i'm sorry for interrupting you, sweetheart, but you can. >> so sweet. >> he is capable of bringing people together. if he changes his rhetoric, he still is in campaign mode. i say this with great respect. and he knows it, but it's like give other members of congress a chance to be a part of the process. >> that's why i keep saying stop asking him lean on it. tell congress this is why you're there. you can lead on this, mcconnell, reid, pelosi, boehner, you lead. >> that's exactly what they did, that's exactly what they did. >> cool. >> the debate as you can tell heated at times. thanks guys, i appreciate that. >>> ahead we'll talk more about alex rodriguez and several other major league baseball players named in the new doping scandal. we'll look at just how dangerous these performance-enha
if we want to see it on the debt ceiling it starts by these things where we can agree, where we can move things forward and as mary said which was a good point, dear, that the president can make the tone, either he can create a battle on this or he can try to bring people together. >> well he can, and i'm sorry for interrupting you, sweetheart, but you can. >> so sweet. >> he is capable of bringing people together. if he changes his rhetoric, he still is in campaign mode. i...
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Jan 25, 2013
01/13
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MSNBCW
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debt ceiling change, they had to promise that paul ryan was going to produce a budget in a week that would balance the budget in ten years with no revenue increases. >> right. >> now, when you see what is going to happen to spending in order to meet those numbers, i'd like to see her go out there and say, this is the kind of thing the republican party should get behind and run behind because it's going to be ugly. >> richard wolffe, mary matalin is positive. there aren't a lot of republicans right now who are given what's happened. but again, we see shifts in party allegiances fairly quickly. it just does seem like my party is suffering a long-term letdown. to say the least. >> yeah. look, mary has a strong character, as we all know. the truth is that the president actually won and he won pretty big for his ideas. i didn't -- by the way, the president talking about cap and trade in his inaugural. he didn't say how he would address climate change. he said we have to address the impact of it. the question for republicans, i think, is what's the big idea? and it is what you keep advocat
debt ceiling change, they had to promise that paul ryan was going to produce a budget in a week that would balance the budget in ten years with no revenue increases. >> right. >> now, when you see what is going to happen to spending in order to meet those numbers, i'd like to see her go out there and say, this is the kind of thing the republican party should get behind and run behind because it's going to be ugly. >> richard wolffe, mary matalin is positive. there aren't a lot...
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Jan 29, 2013
01/13
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CURRENT
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part of the point of the short-term debt ceiling extension just passed last week was sort of to try and leverage their position in the sequester-related discussion of $1.2 trillion of autoic spending cuts set to kick in on march 1st which are delayed two months with the fiscal cliff deal. they're hoping to extract spending cuts from president obama. if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere. >> bill: barney frank, he would be fired up, ready to go. he knows she is issues. he knows the fiscal issues better than anybody else. >> deval patrick said he would be happy to have him. he didn't endorse it per se but he expressed sort of opens to the idea. >> wouldn't be a big learning curve for barney. >> bill: no, not at all. i think it would be very tough for governor patrick not to appoint him. i mean who else could step in and have all of the information and all of the experience you need to really fight for the people. >> i was going to say -- >> bill: now, of course, so is it is sort of a reli
part of the point of the short-term debt ceiling extension just passed last week was sort of to try and leverage their position in the sequester-related discussion of $1.2 trillion of autoic spending cuts set to kick in on march 1st which are delayed two months with the fiscal cliff deal. they're hoping to extract spending cuts from president obama. if not that fight, then in the next debt ceiling fight the next debt ceiling fight. the demand nor spending cuts isn't going to go anywhere....